Nike Benefits From new US/Vietnam Deal
Reading Time: 2 minutes
The stock of Nike (NYSE: NKE) surged on Wednesday, July 2, after U.S. President Donald Trump announced a new trade agreement with Vietnam. The deal stipulates that U.S. imports from the Southeast Asian country will only be subject to a 20% tariff, instead of the previously announced 46%, and Vietnam will not impose tariffs on U.S. products. Relief for a key production region The agreement is of significant importance for Nike: Over half of the sports shoes imported into the U.S. come from Vietnam. For years, the company has shifted large parts...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
